Business Context and Reporting Period
Company: Southern Peru Copper Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: April 25, 2002
Reporting Period: Event-based report regarding the change of independent auditors.
Key Financial Metrics
This filing does not contain financial performance data. The document does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Change in Certifying Accountant: The Board of Directors approved the dismissal of Arthur Andersen LLP and the selection of Deloitte & Touche LLP as the independent auditors for 2002.
- Transition Plan: Arthur Andersen will continue to provide certain services during 2002 to ensure an orderly transition.
- Shareholder Approval: The appointment of Deloitte & Touche LLP is subject to ratification at the 2002 Annual Meeting of Shareholders.
Management Commentary, Risks, and Contingencies
- Audit Disagreements: The Company reported no disagreements with Arthur Andersen regarding accounting principles, financial statement disclosure, or auditing scope/procedures for the two most recent fiscal years and the interim period through April 25, 2002.
- Reportable Events: No "reportable events" occurred during the specified periods as defined in Item 304(a)(1)(v) of Regulation S-K.
- Audit Opinions: Arthur Andersen's reports for the last two years did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Consultations: The Company did not consult with Deloitte & Touche LLP regarding matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K during the relevant periods.
Investor Verification Checklist
- Verify the outcome of the shareholder ratification for Deloitte & Touche LLP at the 2002 Annual Meeting.
- Review the letter from Arthur Andersen LLP filed as Exhibit 16 to this report for any additional disclosures.
- Monitor future filings for the first financial statements audited by Deloitte & Touche LLP.